The Ensign Group’s (Nasdaq: ENSG) newly announced spinoff of its senior living, home health and hospice properties will provide a more focused foundation of support for its 51-property senior housing portfolio, unlock untapped earnings potential and identify new acquisition opportunities, the Mission Viejo, California-based company said during its Q1 2019 earnings call Tuesday. Ensign reported […]
Five Star Senior Living (Nasdaq: FVE) is shaking up its executive ranks again, two days before releasing its Q1 2019 earnings report. The Newton, Massachusetts-based senior living owner and operator announced the appointment of Jeffrey C. Leer as Executive Vice President, Chief Financial Officer and Treasurer. Leer will assume his duties June 1. He succeeds […]
An ambitious $75 million mixed-use development in Alabama aims to blend senior living, integrative health and wellness, coworking and a hotel into a new formula for intergenerational living, and there are already plans in the works to bring the model to other markets Wellpoint at Hampton Cove in Huntsville, Alabama — a joint venture of […]
Eight months after announcing it was “back to playing offense,” HCP (NYSE: HCP) made good on that promise during its Q1 2019, highlighted by a flurry of acquisition activity. “With our transition plan behind us, our cost of capital has improved and we are growing the company again,” HCP Chief Investment Officer Scott Brinker said […]
Northbridge Senior Housing acquires 8-property New England senior housing portfolio Northbridge Senior Housing, through its Northbridge Strategic Housing Fund II, received acquisition financing for an eight-property senior housing portfolio in New England, totaling 565 units. The properties in the portfolio are: – Avita of Brunswick in Brunswick, Maine– Avita of Stroudwater in Westbrook, Maine– Avita […]
Welltower’s (NYSE: WELL) senior housing portfolio performance drove strong earnings in the first quarter of 2019, which also included notable transactions such as the $290 million disposition of a triple-net leased portfolio operated by StoryPoint Senior Living. The Toledo, Ohio-based health care real estate investment trust (REIT) on Tuesday reported total revenue of 1.27 billion […]
A Place for Mom (APFM) announced a change in leadership at the top of its corporate ranks. The nation’s largest senior housing referral service on Monday announced Larry Kutscher as CEO, effective immediately. He succeeds Sean Kell, who resigned as CEO and will continue to serve as a senior adviser to the company. Kutscher will […]
Assisted living communities that foster a sense of camaraderie are viewed by residents as offering a greater quality of life. High marks on camaraderie also correspond to how likely a resident would be to make the same decision to move in, if given the opportunity again. That’s the main finding of People, Place, Programming: Quality […]
Ventas (NYSE: VTR) hit the ground running in the first quarter 2019 as it entered what CEO Debra Cafaro called a “pivot to growth,” which she anticipates will be fueled by increasingly favorable senior housing supply-demand dynamics. However, in the meantime, Ventas’ senior housing operating portfolio (SHOP) performance continues to be affected by elevated supply […]
Like many adult children, Kent Lewis had a frustrating time researching senior care options when his father suffered a minor stroke a couple years ago. What stood out most for Lewis, president and founder of Anvil Media in Portland, Oregon, were the multiple times he was asked to provide the same basic information when touring […]
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